Funding you earn now, next payment 03:00 UTC0.0000%/8h= 0.0% APRnext payment +$0.00 per $10,000 · paid last 24h −0.016%
Price spread now: Derive against Bulk−0.221%7-day average −0.074% · you buy dearer than you sell
to open and closeno order booka leg has no order-book sample
Funding, last 4 days (all we have)−0.030%−$3 on $10k
+Price spread, last 4 days (all we have)−0.153%−$15 · spread now −0.221%, 7d avg −0.074%
=Funding between these two exchanges is close to zero, so right now this pair is about the price spread alone: Derive is 0.147% cheaper against Bulk than usual: you would sell low and buy high, −$15 on $10k if it goes back to its 7-day average of −0.074%.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Bulk HYPE-USD | 93.580 | 0.0100 | pay 0.0013% / 1h | 35m 55s | $204K | $10K | 10x |
| Short | Derive HYPE-PERP | 93.373 | 0.0100 | get 0.0013% / 1h | 35m 55s | $16.2M | $7.5M | 10x |
Bulk HYPE-USD
Derive HYPE-PERPFunding history
latest
Range statsloading…
Price spread between the two exchanges
Derive against Bulk. Falling: the short leg gains. Rising: it loses.latest
Price spreadloading…
Funding on every exchange
click an exchange to add or hide itlatest
How often the price spread is this wide · share of time at each level, last 7D show
Profit calculator
- Funding earned
- $0
- Price spread: −0.221% → −0.074%
- −$14.75
- Slippage, 4 orders
- no order book: not counted
- Fee Bulk: 3.5 bp × 2 orders
- −$7
- Fee Derive: 3 bp × 2 orders
- −$6
- Net
- −$27.75
- Costs to cover
- 0.130%
- Break-even
- never at this rate
Slippage unknown: Bulk: live order book, 28 min ago; Derive: no order-book sample. Net counts fees only.
Cost to enter
taker fee + slippage from the mid, one side; closing costs about the same again| Leg | Half-spread | $10k | $100k | $1M | $5M |
|---|---|---|---|---|---|
| Buy Bulk live order book, 28 min ago | 0.54 bp | 4.0 bp −$4 | 4.8 bp −$48 | 9.8 bp −$983 | 21.5 bp −$10.8K |
| Sell Derive no order-book sample | — | — | — | — | — |
Derive: no order-book sample. Either the market is below $100k of open interest and volume (not sampled), or the venue executes at an oracle price and its slippage is not modeled here: see the venue's docs.
HYPE on 55 venues
lowest funding first. Swap a leg: a good short leg pays more funding and is priced higher.| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Hibachi HYPE/USDT-P | −0.1296% | 1h | 93.292 | −0.308% | $196K | $226K | 7x | as long as short |
| Arcus HYPE-USD | −0.0899% | 1h | 93.254 | −0.348% | $1.2M | $3.8M | 10x | as long as short |
| Ondo Perps HYPE-USD.P | −0.0085% | 1h | 93.340 | −0.256% | $699K | $982K | 10x | as long as short |
| Hotstuff HYPE-PERP | −0.0080% | 1h | 93.343 | −0.253% | $3K | $331 | 25x | as long as short |
| Phemex HYPEUSDT | −0.0062% | 8h | 93.367 | −0.228% | $12.6M | $2.7M | 50x | as long as short |
| 01 Exchange HYPEUSD | −0.0056% | 1h | 93.351 | −0.245% | $85K | $344K | 20x | as long as short |
| Aftermath Perps HYPEUSD | −0.0053% | 1h | 93.379 | −0.215% | $22K | $21K | 10x | as long as short |
| Orderly PERP_HYPE_USDC | −0.0045% | 4h | 93.354 | −0.242% | $155K | $634K | 20x | as long as short |
| Bullet HYPE-USD | −0.0016% | 1h | 93.392 | −0.201% | $112K | $577K | 20x | as long as short |
| dYdX HYPE-USD | 0.0000% | 1h | 93.361 | −0.234% | $128K | $31K | 5x | as long as short |
Hibachi HYPE/USDT-P
Arcus HYPE-USD
Ondo Perps HYPE-USD.P
Hotstuff HYPE-PERP
Phemex HYPEUSDT
01 Exchange HYPEUSD
Aftermath Perps HYPEUSD
Orderly PERP_HYPE_USDC
Bullet HYPE-USD
dYdX HYPE-USDShow all 55 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Perpl HYPE | 0.0000% | 43m | 93.398 | −0.194% | $23K | $322K | 10x | as long as short |
| gTrade (Gains Network) HYPE/USD | L +0.0002% / S −0.0002% | 1h | 93.414 | −0.177% | $62K | — | 150x | as long as short |
| Aster HYPEUSDT | +0.0017% | 4h | 93.380 | −0.214% | $8.8M | $35.5M | 300x | as long as short |
| Phoenix HYPE | +0.0026% | 1h | 93.398 | −0.194% | $213K | $1.2M | 10x | as long as short |
| BingX HYPE-USDT | +0.0026% | 4h | 93.386 | −0.207% | — | $53.0M | — | as long as short |
| Bybit HYPEUSDT | +0.0032% | 8h | 93.370 | −0.224% | $321.3M | $277.1M | 75x | as long as short |
| Gate HYPE_USDT | +0.0058% | 4h | 93.394 | −0.199% | $44.6M | $54.8M | 75x | as long as short |
| OKX HYPE-USDT-SWAP | +0.0078% | 8h | 93.379 | −0.215% | $114.2M | $302.0M | 50x | as long as short |
| Lighter HYPE | +0.0096% | 1h | 93.417 | −0.174% | $16.3M | $61.6M | 20x | as long as short |
| Lighter RH HYPE | +0.0096% | 1h | 93.406 | −0.186% | $3.1M | $11.6M | 20x | as long as short |
| Popdex HYPEUSDT | +0.0096% | 1h | 93.341 | −0.255% | $69K | $1.2M | 50x | as long as short |
| MEXC HYPE_USDT | +0.0096% | 4h | 93.403 | −0.189% | $89.9M | $80.7M | 100x | as long as short |
| Paradex HYPE-USD-PERP | +0.0097% | 8h | 93.431 | −0.159% | $339K | $162K | 20x | as long as short |
| Binance HYPEUSDT | +0.0098% | 4h | 93.405 | −0.187% | $378.8M | $876.6M | 75x | as long as short |
| Katana Perps HYPE-USD | +0.0100% | 8h | 93.340 | −0.256% | $17K | $1.6M | 10x | as long as short |
| Nado HYPE-PERP | +0.0100% | 1h | 93.388 | −0.206% | $5.8M | $43.3M | 10x | as long as short |
| Hyperliquid HYPE | +0.0100% | 1h | 93.472 | −0.115% | $2.04B | $653.5M | 10x | as long as short |
| Pacifica HYPE | +0.0100% | 1h | 93.412 | −0.180% | $10.0M | $14.6M | 20x | as long as short |
| Bulk HYPE-USDlong | +0.0100% | 1h | 93.580 | long leg | $204K | $10K | 10x | |
| KuCoin HYPEUSDTM | +0.0100% | 4h | 93.420 | −0.171% | $45.9M | $18.1M | 75x | as long as short |
| Bitget HYPEUSDT | +0.0100% | 4h | 93.403 | −0.189% | $225.9M | $96.6M | 75x | as long as short |
| Backpack HYPE_USDC_PERP | +0.0100% | 1h | 93.377 | −0.217% | $7.4M | $10.3M | 20x | as long as short |
| Variational Omni HYPE | +0.0100% | 8h | 93.367 | −0.228% | $31.1M | $53.9M | — | as long as short |
| GRVT HYPE_USDT_Perp | +0.0100% | 4h | 93.307 | −0.292% | $7.5M | $45.6M | 10x | as long as short |
| ApeX Omni HYPEUSDT | +0.0100% | 1h | 93.310 | −0.289% | $339K | $999K | 50x | as long as short |
| StandX HYPE-USD | +0.0100% | 1h | 93.386 | −0.207% | $666K | $2.6M | 20x | as long as short |
| Vest HYPE-PERP | +0.0100% | 1h | 93.392 | −0.201% | — | $243K | 5x | as long as short |
| Polymarket Perps HYPE-USD | +0.0100% | 1h | 93.381 | −0.213% | $472K | $2.5M | 20x | as long as short |
| Bluefin HYPE-PERP | +0.0100% | 1h | 93.375 | −0.219% | $79K | $170K | 20x | as long as short |
| Derive HYPE-PERPshort | +0.0100% | 1h | 93.373 | −0.221% | $16.2M | $7.5M | 10x | |
| SunX HYPE-USDT | +0.0100% | 4h | 93.449 | −0.140% | $32K | $1.6M | 20x | as long as short |
| SoDEX HYPE-USD | +0.0100% | 1h | 93.401 | −0.191% | $2.0M | $1.9M | 10x | as long as short |
| Extended HYPE-USD | +0.0104% | 1h | 93.376 | −0.218% | $18.4M | $43.6M | 50x | as long as short |
| Aevo HYPE-PERP | +0.0104% | 1h | 93.393 | −0.200% | $397K | $162K | 20x | as long as short |
| edgeX HYPEUSDC | +0.0108% | 4h | 93.349 | −0.247% | $5.1M | $29.6M | 30x | as long as short |
| Coinbase International HYPE-PERP-INTX | +0.0176% | 1h | 93.420 | −0.171% | $4.8M | $5.6M | 50x | as long as short |
| HTX HYPE-USDT | +0.0194% | 4h | 93.546 | −0.036% | $1.4M | $6.0M | 75x | as long as short |
| Reya HYPERUSDPERP | +0.0258% | 1h | 93.358 | −0.237% | $79K | $140K | 15x | as long as short |
| Kalshi KXHYPEPERP | +0.0277% | 8h | 93.458 | −0.130% | $1.9M | $5.0M | 2.3x | as long as short |
| Deribit HYPE_USDC-PERPETUAL | +0.0328% | 1h | 93.481 | −0.106% | $7.5M | $4.4M | 50x | as long as short |
| GMX HYPE/USD [WBTC.b-USDC] | L +0.0331% / S −0.0156% | 1h | 93.410 | −0.182% | $1.4M | — | 100x | as long as short |
| BloFin HYPE-USDT | +0.0336% | 4h | 93.364 | −0.231% | $17.0M | $11.6M | 75x | as long as short |
| RISEx HYPE/USDC | +0.0510% | 1h | 93.453 | −0.136% | $3.2M | $6.4M | 20x | as long as short |
| Injective HYPE/USDC PERP | +0.0519% | 1h | 93.180 | −0.427% | $30K | $339K | 12x | as long as short |
| Kraken Futures PF_HYPEUSD | +0.0685% | 1h | 93.444 | −0.146% | $20.8M | $29.9M | 50x | as long as short |
Perpl HYPE
gTrade (Gains Network) HYPE/USD
Aster HYPEUSDT
Phoenix HYPE
BingX HYPE-USDT
Bybit HYPEUSDT
Gate HYPE_USDT
OKX HYPE-USDT-SWAP
Lighter HYPE
Lighter RH HYPE
Popdex HYPEUSDT
MEXC HYPE_USDT
Paradex HYPE-USD-PERP
Binance HYPEUSDT
Katana Perps HYPE-USD
Nado HYPE-PERP
Hyperliquid HYPE
Pacifica HYPE
KuCoin HYPEUSDTM
Bitget HYPEUSDT
Backpack HYPE_USDC_PERP
Variational Omni HYPE
GRVT HYPE_USDT_Perp
ApeX Omni HYPEUSDT
StandX HYPE-USD
Vest HYPE-PERP
Polymarket Perps HYPE-USD
Bluefin HYPE-PERP
SunX HYPE-USDT
SoDEX HYPE-USD
Extended HYPE-USD
Aevo HYPE-PERP
edgeX HYPEUSDC
Coinbase International HYPE-PERP-INTX
HTX HYPE-USDT
Reya HYPERUSDPERP
Kalshi KXHYPEPERP
Deribit HYPE_USDC-PERPETUAL
GMX HYPE/USD [WBTC.b-USDC]
BloFin HYPE-USDT
RISEx HYPE/USDC
Injective HYPE/USDC PERP
Kraken Futures PF_HYPEUSD